Summary
Capital One Financial Corporation (COF) announced on November 2, 2017, through its Board of Directors, the declaration of its quarterly common stock dividend and several preferred stock dividends. This filing provides details on the dividend amounts and payment dates, which are crucial for income-focused investors. The declared quarterly common stock dividend is set at $0.40 per share, payable on November 24, 2017, to shareholders of record on November 13, 2017. Additionally, various preferred stock dividends were approved, with payments scheduled for December 1, 2017, to shareholders of record on November 16, 2017. The company anticipates paying approximately $195 million in common equity dividends and $80 million in total preferred dividends during the fourth quarter of 2017. It's important for investors to note that the payment of common stock dividends is subject to the company meeting its obligations for preferred stock dividends.
Key Highlights
- 1Declaration of a quarterly common stock dividend of $0.40 per share.
- 2Common stock dividend payment date set for November 24, 2017.
- 3Record date for common stock dividend is November 13, 2017.
- 4Approval of quarterly and semi-annual dividends on various series of preferred stock.
- 5Preferred stock dividend payment date set for December 1, 2017.
- 6Record date for preferred stock dividends is November 16, 2017.
- 7Total estimated dividend payments in Q4 2017: ~$195 million for common stock and ~$80 million for preferred stock.